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re: Somebody please explain the supposed bullshite 8.5% inflation rate

Posted on 9/5/22 at 2:25 pm to
Posted by Porpus
Covington, LA
Member since Aug 2022
2541 posts
Posted on 9/5/22 at 2:25 pm to
quote:

The standard is annualized. You don't know shite about shite.

It's based off of a basket of goods. The basket isn't entirely dog food. Some segments increase more than others. Ignorant asses.


This is true. The number is always a "per year" figure.

Dog food going up more than goods in general tells me that dog food exhibits low price elasticity of demand. That is, the people making it think you're going to buy it regardless of price. There's no price point at which you starve your dog (or make him eat corn cobs and coffee grounds or whatever).
Posted by sqerty
AP
Member since May 2022
7415 posts
Posted on 9/5/22 at 2:29 pm to
Your always fricked with essentials going up. Obesity in this country makes anything edible an essential. I do feel like other items just jump on the bandwagon and raise eventually.
Posted by Ed Osteen
Member since Oct 2007
58421 posts
Posted on 9/5/22 at 2:32 pm to
My 25 pound bag is now 22 pounds and still went up in price
Posted by G The Tiger Fan
Member since Apr 2015
110664 posts
Posted on 9/5/22 at 2:32 pm to
They can make up whatever statistics they want. Some of us take those statistics seriously. Some of us do not.
Posted by teke184
Zachary, LA
Member since Jan 2007
101903 posts
Posted on 9/5/22 at 2:36 pm to
It’s a weighted measure. SUPPOSEDLY some stuff is as expensive as last year or cheaper but I have yet to see it.

Energy prices fricked everything.
Posted by East Coast Band
Member since Nov 2010
65922 posts
Posted on 9/5/22 at 2:40 pm to
One item I purchase has not changed in price:
The Great Value yogurts are still 64 cents a piece.

Meanwhile, everything else is up 10+% or more.
Even distilled water.
Was 80 cents, now $1.15.

Whatever numbers games they play, it ain't up only 8.5% for everything
Posted by Konkey Dong
Member since Aug 2013
2300 posts
Posted on 9/5/22 at 2:43 pm to
Name something up only 3%
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 9/5/22 at 2:46 pm to
Most people are too dumb to see the reality of the prices of our consumer products, bc the stores are playing games with the packaging.

I'm surprised the same sized bag is available if it were the size with the best value. The shittier value, smaller size is our new normal until higher prices are normalized.
Posted by Babewinkelman
Member since Jan 2015
1363 posts
Posted on 9/5/22 at 2:48 pm to
8.5% is the cut for the Big Guy.
Posted by BHS78
Member since May 2017
3064 posts
Posted on 9/5/22 at 2:52 pm to
quote:

Name something up only 3%


Wages
Posted by dgnx6
Member since Feb 2006
80344 posts
Posted on 9/5/22 at 2:53 pm to
The president said maga republicans were a threat to the soul of our nation and to our republic and 16 hours later said he never said that.

Which to him might be true. But not the internet.
This post was edited on 9/5/22 at 2:54 pm
Posted by Who_Dat_Tiger
Member since Nov 2015
22819 posts
Posted on 9/5/22 at 2:56 pm to
My grocery bills are absolutely up close to 40%, certainly way more than 10%.

Prices at restaurants I frequent are easily up 20% too
Posted by rexorotten
Missouri
Member since Oct 2013
4635 posts
Posted on 9/5/22 at 3:03 pm to
Ate lunch today at a local Japanese steakhouse today. Last year the chicken lunch was 7.99. It's 14 dollars now.
This post was edited on 9/5/22 at 8:50 pm
Posted by go ta hell ole miss
Member since Jan 2007
14026 posts
Posted on 9/5/22 at 3:10 pm to
quote:

Did you expect each and every item to be raised 8.5%? Some items are up 3%, other things are up 10%.


Can you name some items that is only out 3% YOY? Most time a I purcbase are up between 20-40%. Cocaine and sports tickets are the only two things I can think of that are not up substantially more than 8%.
Posted by Gee Grenouille
Bogalusa
Member since Jul 2018
6871 posts
Posted on 9/5/22 at 3:13 pm to
65 a bag to 115 a bag for my beloved Georgey
Posted by SantaFe
Baton Rouge
Member since Apr 2019
7257 posts
Posted on 9/5/22 at 3:17 pm to
A bag of doritos at the local grocery here in BR is $6.00 .
Those son of a guns stayed on the shelf.
Pain Is Coming.
Posted by Jsand43
Member since May 2021
882 posts
Posted on 9/5/22 at 3:18 pm to
I get the Purina One chicken and rice for my dog. The small bag has gone up about $4 in the last year and the big bag about $7. I'm about to just start feeding my dog table scraps it's getting ridiculous.
Posted by BabyTac
Austin, TX
Member since Jun 2008
14581 posts
Posted on 9/5/22 at 3:21 pm to
Who cares??? You afforded it didn’t you? Nobody is changing their lifestyle. Things costs more. So what. If you couldn’t afford it, you wouldn’t have bought it.

And this isn’t because of the current president. This is because of Covid and the implications of shutting shite down and shifting around the work force. Hey, that all happened during Trump. Stop blaming politics.
This post was edited on 9/5/22 at 3:24 pm
Posted by Jsand43
Member since May 2021
882 posts
Posted on 9/5/22 at 3:24 pm to
STFU are you being obtuse or just trying to purposely stir up shite? For the first time in my life I actually pulled items out of my basket and put them back on the shelf. 12 packs of coke are up to over $6 now.
Posted by Oilfieldbiology
Member since Nov 2016
40089 posts
Posted on 9/5/22 at 3:24 pm to
quote:

Who cares???


Really? Who cares that things that are basically essential for family members to live have gone up 40% in less than 12 months?
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